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The tax section features news and in-depth guides for UK small businesses and start-ups needing support on how to navigate the sometimes complex landscape of business taxation. The articles offer help with VAT, R&D tax reliefs, tax planning, compliance with tax regulations, and engaging in tax-efficient practices.

Super-deduction tax break – what is it and how does it work?

The super-deduction tax break means that you can claim 130 per cent of what you spend on equipment for your business against taxable profits.

Tax

Tax

7 tax myths for small business owner/managers exploded

As we head into the new tax year, Stuart Clark of Russell & Russell sorts out fact from fiction, putting money in your pocket

News

Small business should get HMRC refund to cover Covid losses, say MPs

Influential Treasury select committee says small businesses should get tax rebate to help cover coronavirus trading losses

News

Rishi Sunak eyes hiking corporation tax even higher to 25%

Doing so would raise around £20bn for the Covid-battered British economy but could hurt small businesses emerging from the rubble

Tax

Self-employed should pay equal tax with employees, says top thinktank

Government loses £15bn a year tax revenue from self-employed, says IFS, which urges wholesale reform of tax system

Tax

You should file your tax return by January 31, despite HMRC extension

The taxman is giving self-employed people an extra month to file their tax return penalty-free. However, payment must be made by January 31

Tax

Treasury eyes hitting self-employed gig workers with VAT charge

Slapping VAT on self-employed gig economy drivers or plumbers could rake in £20bn a year for empty Treasury coffers

Tax

1m self-employed face having to pay tax bill larger than what they earnt

First HMRC prepayment deadline for self-employed tax looms in January, based on what freelancers earned pre-Covid

Tax

Treasury eyes hitting self-employed gig workers with VAT charge

Slapping VAT on self-employed gig economy drivers or plumbers could rake in £20bn a year for empty Treasury coffers

Tax

1m self-employed face having to pay tax bill larger than what they earnt

First HMRC prepayment deadline for self-employed tax looms in January, based on what freelancers earned pre-Covid

Tax

Just when you thought it couldn’t get worse, business rates return in April

Government stays silent on whether retail and hospitality business rates holiday will be extended, as 170,000 businesses appeal against rates

News

MPs to fight Sunak over move to hike national insurance for self-employed

Tory backbenchers decry plans to hike self-employed national insurance from 9 per cent to 12 per cent

Tax

Rishi Sunak weighs increasing corporation tax to 24%

Business groups dismayed by Treasury move to hit small business with 5% corporation tax increase to help repay Covid debt

News

As predicted, Amazon passes on 2% sales tax onto small businesses

Amazon tells small businesses selling through its platform that it is increasing its fees by 2 per cent to cover cost of Government digital sales tax

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